December 28, 2011
China Live Hog Weekly: Market extends gains; southern prices soften (week ended Dec 28, 2011)
An eFeedLink Exclusive
Price summary
Hog prices were mostly higher.
|
Region |
Province |
Lowest price this week |
Highest price this week |
Average price this week |
Lowest price last week |
Highest price last week |
Average price last week |
Changes |
|
North China |
Hebei |
17.50 |
18.00 |
17.66 |
16.90 |
17.40 |
17.14 |
0.52 |
|
Henan |
16.80 |
17.10 |
17.15 |
16.80 |
17.10 |
16.98 |
0.17 | |
|
East China |
Shandong |
16.70 |
17.10 |
17.10 |
16.50 |
17.10 |
16.82 |
0.28 |
|
Jiangsu |
16.50 |
17.50 |
16.86 |
16.20 |
17.30 |
16.66 |
0.20 | |
|
Central China |
Hunan |
17.10 |
17.70 |
17.45 |
16.90 |
17.90 |
17.28 |
0.17 |
|
South China |
Guangxi |
17.00 |
17.90 |
17.50 |
17.00 |
17.90 |
17.48 |
0.02 |
|
Guangdong |
16.40 |
17.30 |
17.01 |
16.30 |
17.70 |
17.15 |
-0.14 | |
|
Southwest China |
Sichuan |
18.20 |
18.60 |
18.36 |
18.00 |
18.20 |
18.12 |
0.24 |
|
(All prices in RMB/kg) | ||||||||
Weekly pork consumption gained 5.67% to 10,951 tonnes, mostly driven by northern demand as cured meat production in the south was largely completed. With more hogs coming onto the market, this led to a decline in Guangdong's hog prices, while those of other regions continued to climb.
Market forecast
In the following week, pork demand is seen stronger in the colder northern and central regions relative to the south. Hence hog prices should continue to show regional disparities.
eFeedLink offers monthly China hog and poultry market trackers, including analyses and on-the-ground information from Guangxi, Guangdong, Hunan, Hubei, Sichuan, Jiangsu, Henan, Shandong, Hebei and the whole of China. These provinces cover at least 70% of the total hog, poultry and related feed production or consumption in China. For more information, visit: /eFLResearch
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